Art of Speculation
Art of Speculation|Jul 29, 2026 05:59
SK Hynix dropped massive volume, forming a long lower shadow down to the support levels at EMA 200 (1,330,000) and weekly EMA 50 (1,240,000). The last time we saw such massive volume was on July 3rd and July 14th, both followed by oversold rebounds. But we still need to watch the closing prices over the next couple of days. Six consecutive weeks of decline—those betting on a bear market might see a lower high as a trap before another drop. In Wall Street psychology, after euphoria peaks, there's always a complacency phase before another dip. So whether you think the bull market is still on or the bear market has arrived, there’s likely to be a lower high rebound.
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